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IT'S OFFICIAL: ALIBABA WILL BE THE LARGEST IPO EVER

Myles Udland
jack ma alibaba
jack ma alibaba

AP Images Alibaba founder Jack Ma.

Alibaba just priced its IPO at $68 per share.

At this price, Alibaba is raising just less than $21.8 billion, making it the largest IPO in the history of the US stock market.

This sets the company's value at $167.8 billion.

The company was expected to price its IPO between $66 and $68 per share, an increase from the originally announced range of $60 to $66.

Shares of Alibaba were expected to begin trading on the New York Stock Exchange on Friday morning.



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